I know that when it first opened, it did DISMALLY. I think Eisner said they'd have 10,000 guests opening day and they barely made 6,000 so I wonder, is it doing any better?
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how well is DLP doing today?
- Thread starter Dragonrider1227
- Start date
I can`t quote figures, but this July it seemed the whole world was there - both parks and hotels.
Since opening day Disneyland Parc has done very well - it was the Hotels that brought the resort down. Not wishing to have another Disneyland scenario, EDL SCA built 6 hotels and a campground for day one - including the 2 largest hotels in Europe - with no expense spared. They were priced too high, and consequently never made the money back. When the entire resort cost around 3 BILLION dollars to be ready for opening day you can see why the bank loans that paid for Euro Disneyland as it was called became a mountain of debt.
In fact, in it`s first year or so several attractions were green lit and rushed through to opening just to cope with the crowds.
Since opening day Disneyland Parc has done very well - it was the Hotels that brought the resort down. Not wishing to have another Disneyland scenario, EDL SCA built 6 hotels and a campground for day one - including the 2 largest hotels in Europe - with no expense spared. They were priced too high, and consequently never made the money back. When the entire resort cost around 3 BILLION dollars to be ready for opening day you can see why the bank loans that paid for Euro Disneyland as it was called became a mountain of debt.
In fact, in it`s first year or so several attractions were green lit and rushed through to opening just to cope with the crowds.
OUCH! I heard Spain wanted the Disneyland park but for some odd reason Eisner picked France.
jrriddle
Well-Known Member
According to his autobiography Eisner spent time in Paris after University and fell in love with the place.
He felt later on that Paris would be the perfect place for a Disneyland (even though everyone else told him different).
When asked about the weather he said it would be the same as NYC and Japan and that never stopped tourists from spending money.
As far as numbers I thought they were down this year (I could be wrong) Space Mountain2 was considered a bust.
Corrus mentioned once that the main park is still losing money to this day.
I'll look for actual figures later.
He felt later on that Paris would be the perfect place for a Disneyland (even though everyone else told him different).
When asked about the weather he said it would be the same as NYC and Japan and that never stopped tourists from spending money.
As far as numbers I thought they were down this year (I could be wrong) Space Mountain2 was considered a bust.
Corrus mentioned once that the main park is still losing money to this day.
I'll look for actual figures later.
jrriddle
Well-Known Member
From DLPinfo
Euro Disney S.C.A. has released its official third quarter results for the current business year. The press release stressed that the total consolidated revenues of the group grew by 3% for the 9 months ending June 30 compared to the same period of the prior year, as park revenue grew 4% and the overall resort segment grew 2%. Total revenues reached a record 755.4 million € segmented into 382.2 million € (up 4%) in the theme parks, 281.8 million € (down 3%) for the Disney Hotels and the Disney Village and 76.7 million € (up 6%) for other revenue sources excluding the real estate segment in which 14.7 million € (up 116%) were earned.
These numbers already clearly indicate that the Disney Hotels and the Disney Village since the opening of outside hotels in the resort have become a major concern as occupation dropped further. But then the theme park numbers seem more positive as they are. While revenues in this area increased, this only reflects higher average spending per guest that is able to cover the fact that the actual attendance continued to slide downwards despite heavy discounting of packages and tickets as well as the much trumpeted reopening of Space Mountain. Furthermore it needs to be pointed out that parts of the revenue decrease in the hotel and the revenue increase in the theme parks were created artifically by the group as the the allocation of packaging prices has been adapted, to reduce the share allocated to the hotels and to increase the share allocated to the theme parks (no word whether this new allocation key also applies to packages booked via Disney for one of the outside hotels in the resort, which would then meet that actually more money is kept by the group and less handed out to the partners). This influenced the 5% decrease of the average daily guest spending per room.
Furthermore the group blaims the fact that the prior business year saw strong conventional activities - a questionable reasoning as Business Solutions should have been able to sustain its activities on last year's level.
Third quarter numbers on their own compare unfavourable to last year's third quarter results, as Euro Disney S.C.A. explains, due to the fact, that Easter this year moved from the third into the second quarter. But then the opening of Space Mountain - Mission 2 at the beginning of the quarter should have countered this, as it is this year's top attraction according to the marketing and last year's big premiere (The Legend of the Lion King show) came at a later point in the third quarter. The expected attendance increase due to Space Mountain - Mission 2 did not show up. In fact theme park attendance, hotel occupancy and average daily guest spending per room are done in the third quarter compared to last year's third quarter.
As a result of the negative development in the third quarter the group does no longer expect to meet its own revenue growth forecast for the business year - still a revenue growth is expected resulting in a relatively stable EBITDA (earnings before interest, income taxes, depreciation, amortisation, minority interests and exceptional items).
Chairman and CEO Karl L. Holz is cited saying: "I am pleased with our record revenues for the nine months, particularly in light of a challenging third quarter. Our focus continues to center on driving greater growth in the long term through the implementation of our multi-year expansion program.". As the International Herald Tribune pointed out the report ended a string of three consecutive quarters in which year-over-year revenue increased.
You can also check here for more financial info:
http://www.dlp.info/Guide/News-And-Rumours/Current-Business-News.asp
Euro Disney S.C.A. has released its official third quarter results for the current business year. The press release stressed that the total consolidated revenues of the group grew by 3% for the 9 months ending June 30 compared to the same period of the prior year, as park revenue grew 4% and the overall resort segment grew 2%. Total revenues reached a record 755.4 million € segmented into 382.2 million € (up 4%) in the theme parks, 281.8 million € (down 3%) for the Disney Hotels and the Disney Village and 76.7 million € (up 6%) for other revenue sources excluding the real estate segment in which 14.7 million € (up 116%) were earned.
These numbers already clearly indicate that the Disney Hotels and the Disney Village since the opening of outside hotels in the resort have become a major concern as occupation dropped further. But then the theme park numbers seem more positive as they are. While revenues in this area increased, this only reflects higher average spending per guest that is able to cover the fact that the actual attendance continued to slide downwards despite heavy discounting of packages and tickets as well as the much trumpeted reopening of Space Mountain. Furthermore it needs to be pointed out that parts of the revenue decrease in the hotel and the revenue increase in the theme parks were created artifically by the group as the the allocation of packaging prices has been adapted, to reduce the share allocated to the hotels and to increase the share allocated to the theme parks (no word whether this new allocation key also applies to packages booked via Disney for one of the outside hotels in the resort, which would then meet that actually more money is kept by the group and less handed out to the partners). This influenced the 5% decrease of the average daily guest spending per room.
Furthermore the group blaims the fact that the prior business year saw strong conventional activities - a questionable reasoning as Business Solutions should have been able to sustain its activities on last year's level.
Third quarter numbers on their own compare unfavourable to last year's third quarter results, as Euro Disney S.C.A. explains, due to the fact, that Easter this year moved from the third into the second quarter. But then the opening of Space Mountain - Mission 2 at the beginning of the quarter should have countered this, as it is this year's top attraction according to the marketing and last year's big premiere (The Legend of the Lion King show) came at a later point in the third quarter. The expected attendance increase due to Space Mountain - Mission 2 did not show up. In fact theme park attendance, hotel occupancy and average daily guest spending per room are done in the third quarter compared to last year's third quarter.
As a result of the negative development in the third quarter the group does no longer expect to meet its own revenue growth forecast for the business year - still a revenue growth is expected resulting in a relatively stable EBITDA (earnings before interest, income taxes, depreciation, amortisation, minority interests and exceptional items).
Chairman and CEO Karl L. Holz is cited saying: "I am pleased with our record revenues for the nine months, particularly in light of a challenging third quarter. Our focus continues to center on driving greater growth in the long term through the implementation of our multi-year expansion program.". As the International Herald Tribune pointed out the report ended a string of three consecutive quarters in which year-over-year revenue increased.
You can also check here for more financial info:
http://www.dlp.info/Guide/News-And-Rumours/Current-Business-News.asp
Well, I suppose it can't be doing any worse than that Dreamland in Japan. :lol: